Author: ggubash

Kraft Heinz Co. KHC -0.17% on Thursday wrote down the value of its Kraft and Oscar Mayer brands by $15.4 billion, disclosed an investigation by federal securities regulators and slashed its dividend, sending its stock down more than 20% after-hours trading.Kraft Heinz said it faced unexpectedly higher costs last year, and it has seen significant…
Read More

WASHINGTON—As U.S.-China trade talks reach a pivotal point, the Trump administration is counting on the Chinese leader’s special envoy, Liu He, to get Beijing to accept tough new strictures that are increasingly controversial in Beijing. High-level negotiations resumed in the executive office building next to the White House on Thursday, with both sides focused on…
Read More

Pinterest Inc. has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering that is expected to value the company, which operates a platform for online-image searches, at $12 billion or more as it joins a parade of hot tech startups planning share debuts in 2019.The filing is the latest example…
Read More

NEW DELHI—Washington has hit an unlikely roadblock in its extraordinary global push to sideline China’s Huawei Technologies Co.: the world’s biggest democracy, India. Policy makers and telecommunications firms here are so far largely unpersuaded by U.S. warnings that using Huawei’s equipment to upgrade India’s telecom networks presents a major cybersecurity threat, according to more than…
Read More

Apple Inc. and Goldman Sachs Group Inc. plan to start issuing this spring a joint credit card paired with new iPhone features that will help users manage their money. The card will be rolled out to employees for testing in the next few weeks and officially launch later this year, according to people familiar with…
Read More

CLOSE Tax filing season is here, and the overhaul of tax laws means some potentially big changes for your budget. Did you get refund, or do you owe the IRS? Josmar Taveras, USA TODAYMany taxpayers are anxiously awaiting this year’s tax refund that they hope to use to pay down debt, pad their savings or make a big…
Read More

CLOSE Cellular technology is about to make an evolutionary leap. 5G is almost here. But you're gonna have to wait a little longer. Here's why. USA TODAY, Just the FAQsCLOSE 5G will be great, but you are probably going to need a new phone as we get ever-closer to a sci-fi-like future. Kim Komando, for…
Read More